Monetizing free users is just part of the vision that new CEO Scott Durchslag, who took the helm of Angie’s List in September, is laying out to reinvigorate the struggling home-services company, which has seen revenue growth slow notably since last year.
Shares sank 15 percent on Wednesday morning despite an $82,000 profit in the third quarter. New CEO Scott Durchslag told analysts he wanted to increase shareholder value organically rather than pursue a sale or merger.
The New York-based investor that’s been boosting its stake in Angie's List in recent months has gone public with its demands, blasting the company's chairman and urging a merger.
The firm is aiming to boost revenue with the biggest reorganization of its sales force in its 20-year history. But some salespeople fear the changes will cut their compensation.
Scott Durchslag has more than 20 years of experience leading e-commerce and mobile technology initiatives, Angie’s List said, including stints at Expedia and Skype.
Now with a 9-percent stake, New York-based TCS Capital Management says it’s after multiple board seats and plans to continue discussing options to maximize the firm’s value, including a sale.
Amazon Local asserts in court documents that the tactics it’s accused of are customary in the home services “deals” industry and wholly appropriate.
A New York-based hedge fund has increased its stake in Angie’s List Inc. to an "activist position" and says it wants to have input with management about the strategic direction of the company, including the choice of a new CEO and a possible sale of the business.
For years, the reviews company has sold memberships to consumers and advertising to service providers, but recently it’s been trying to become a marketplace that brokers transactions and gets a cut.
Angie's List Inc. on Wednesday reported a loss of $8.3 million for the second quarter, ending its streak of two profitable quarters and sending its shares down about 21 percent in late-morning trading.
Patrick D. Brady, president of marketplace, was terminated Wednesday as part of a restructuring of management, Angie’s List disclosed Thursday in a public filing. The company also revealed former CEO Bill Oesterle’s separation agreement.
Longtime Angie’s List Inc. CEO Bill Oesterle has officially resigned from the company while COO Mark Howell takes the reins during the search for a permanent successor.
Angie’s List has long been considered the 800-pound gorilla in the home-services market, an industry estimated to be worth at least $400 billion annually. But three tech startups from its own back yard believe they can better connect consumers and service providers.
The federal lawsuit says Amazon took shortcuts in building a direct competitor to Angie's List by having employees sign up as members of the Indianapolis-based consumer reviews company and then illegally downloading lists of service providers and other information.
The lawsuit claimed the company’s 2013 reduction in membership fees undermined its previous claims about its business model, but a federal judge said the complaint was devoid of facts showing the damage from those cuts.
Angie’s List could hardly be at more of a crossroads, with its longtime CEO departing, its massive east-side Indianapolis expansion withdrawn, and its business model undergoing a tectonic shift.
Angie’s List Inc. shares saw double-digit percentage gains Wednesday morning after the company reported a surprise profit in the first quarter—the first time it's put together back-to-back profitable quarters since its 2011 initial public offering.
Angie’s List CEO Bill Oesterle, a Mitch Daniels confidant who strongly opposed the Religious Freedom Restoration Act, is well-positioned for a run at Gov. Mike Pence’s seat, observers said Wednesday.
Bill Oesterle wasn’t the first business leader to denounce the measure, which sparked a national firestorm and was widely seen as anti-gay. But he was among the first Indiana Republicans to vocally support gay rights.
The class-action case filed in Philadelphia challenges the company's claims that it puts consumers first.
